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The historical data trend for Precision Castparts's Cyclically Adjusted Price-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Precision Castparts Quarterly Data | ||||||||||||||||||||
Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | |
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | - | - | - | - | - |
For the Metal Fabrication subindustry, Precision Castparts's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Industrial Products industry and Industrials sector, Precision Castparts's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Precision Castparts's Cyclically Adjusted Price-to-FCF falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.
Precision Castparts's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2015 is calculated as:
For example, Precision Castparts's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2015 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Sep. 2015 (Change) | * | Current CPI (Sep. 2015) |
= | 1.056 | / | 100.3915 | * | 100.3915 | |
= | 1.056 |
Current CPI (Sep. 2015) = 100.3915.
Precision Castparts Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
200512 | 0.570 | 83.032 | 0.689 |
200603 | -0.116 | 84.298 | -0.138 |
200606 | 0.875 | 85.606 | 1.026 |
200609 | 0.762 | 85.606 | 0.894 |
200612 | -2.172 | 85.142 | -2.561 |
200703 | 5.212 | 86.640 | 6.039 |
200706 | 0.646 | 87.906 | 0.738 |
200709 | 1.004 | 87.964 | 1.146 |
200712 | 1.353 | 88.616 | 1.533 |
200803 | 1.913 | 90.090 | 2.132 |
200806 | 1.413 | 92.320 | 1.537 |
200809 | 1.241 | 92.307 | 1.350 |
200812 | 1.932 | 88.697 | 2.187 |
200903 | 1.807 | 89.744 | 2.021 |
200906 | 0.441 | 91.003 | 0.486 |
200909 | 1.179 | 91.120 | 1.299 |
200912 | 1.903 | 91.111 | 2.097 |
201003 | 1.691 | 91.821 | 1.849 |
201006 | 1.133 | 91.962 | 1.237 |
201009 | 0.779 | 92.162 | 0.849 |
201012 | 2.595 | 92.474 | 2.817 |
201103 | 1.871 | 94.283 | 1.992 |
201106 | 1.098 | 95.235 | 1.157 |
201109 | 0.879 | 95.727 | 0.922 |
201112 | 1.835 | 95.213 | 1.935 |
201203 | 2.005 | 96.783 | 2.080 |
201206 | 2.322 | 96.819 | 2.408 |
201209 | 0.779 | 97.633 | 0.801 |
201212 | 2.146 | 96.871 | 2.224 |
201303 | 2.522 | 98.209 | 2.578 |
201306 | 2.937 | 98.518 | 2.993 |
201309 | 0.703 | 98.790 | 0.714 |
201312 | 4.294 | 98.326 | 4.384 |
201403 | 2.503 | 99.695 | 2.520 |
201406 | 2.748 | 100.560 | 2.743 |
201409 | 1.123 | 100.428 | 1.123 |
201412 | 2.744 | 99.070 | 2.781 |
201503 | 2.028 | 99.621 | 2.044 |
201506 | 2.534 | 100.684 | 2.527 |
201509 | 1.056 | 100.392 | 1.056 |
Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
Thank you for viewing the detailed overview of Precision Castparts's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Ulrich Schmidt | director | PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239 |
Richard L Wambold | director | C/O PACTIV CORP, 1900 W FIELD COURT, LAKE FOREST IL 60045 |
Lester L Lyles | director | C/O MTC TECHNOLOGIES INC, 4032 LINDEN AVENUE, DAYTON OH 45432 |
Timothy A Wicks | director | C/O PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239 |
Andrew Masterman | officer: EVP, Pres. Wyman-Gordon | 401 PLYMOUTH ROAD, SUITE 500, PLYMOUTH MEETING PA 19462-1646 |
Kevin M Stein | officer: Exec VP | TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114 |
Steven G Rothmeier | director | C/O E.W BLANCH HOLDINGS INC, 500 N. AKARD #4500, DALLAS TX 75201 |
Russell S Pattee | officer: VP and Corporate Controller | PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239 |
Chris Ayers | officer: Exec. VP, Pres. PCC Forgings | 4650 S.W. MACADAM, SUITE #440, PORTLAND OR 97239 |
William D Larsson | officer: Sr. VP and CFO | 35 SHARPS CIRCLE, RENO NV 89519 |
Byron O Pond | director | C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730-1409 |
Wayne F Robbins | officer: President; PCC Flow Technologi | 4650 SW MACADAM, STE 440, PORTLAND OR 97239 |
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